Net loss of My Money Securities reported to Rs 0.02 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 16.67% to Rs 0.14 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015.

Net profit of Ankush Finstock rose 600.00% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.19 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

Net profit of Orient Tradelink rose 350.00% to Rs 0.45 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales declined 15.15% to Rs 2.80 crore in the quarter ended September 2016 as against Rs 3.30 crore during the previous quarter ended September 2015.

Net profit of Deepti Alloy Steel reported to Rs 0.03 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 7300.00% to Rs 0.74 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015.

Net profit of Organic Coatings reported to Rs 0.64 crore in the quarter ended September 2016 as against net loss of Rs 0.28 crore during the previous quarter ended September 2015. Sales declined 26.85% to Rs 8.09 crore in the quarter ended September 2016 as against Rs 11.06 crore during the previous quarter ended September 2015.

Nihar Info Global reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 4.17% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015.

Net Loss of Shree Ram Urban Infrastructure reported to Rs 1.71 crore in the quarter ended September 2016 as against net loss of Rs 24.30 crore during the previous quarter ended September 2015. Sales rose 64.70% to Rs 27.62 crore in the quarter ended September 2016 as against Rs 16.77 crore during the previous quarter ended September 2015.

Net profit of Arunjyoti Bio Ventures reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 11.45 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

Net Loss of Matra Kaushal Enterprise reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales declined 93.61% to Rs 0.45 crore in the quarter ended September 2016 as against Rs 7.04 crore during the previous quarter ended September 2015.

Net loss of Epic Energy reported to Rs 0.60 crore in the quarter ended September 2016 as against net profit of Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 3.31% to Rs 4.99 crore in the quarter ended September 2016 as against Rs 4.83 crore during the previous quarter ended September 2015.

Solid Stone Company standalone net profit declines 23.68% in the September 2016 quarter

Nov 17,2016

Net profit of Solid Stone Company declined 23.68% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.38 crore during the previous quarter ended September 2015. Sales rose 84.33% to Rs 20.70 crore in the quarter ended September 2016 as against Rs 11.23 crore during the previous quarter ended September 2015.

Australian share market ended marginally higher on Thursday, 17 November 2016, as gains in telecom, utilities, realty, and healthcare stocks were more than offset fall in bullion, energy, and financial players. At the closing bell, the benchmark S&P/ASX 200 index rose 10.80 points, or 0.2%, to 5,338.50, while the broader All Ordinaries index increased 9.30 points, or 0.17%, to 5,408.90.

Inditrade Capital announced that its subsidiary, Inditrade Business Consultants has entered into a share purchase agreement with Edel Commodities, a wholly owned subsidiary of Edelweiss Financial Services, for buying its wholly owned subsidiary, namely, Edel Commodities Trading (ECTL) for a deal size of minimum Rs 13 crore payable in cash and shares equivalent to 9% of the paid up capital of Inditrade Business Consultants.

As a results, ECTL along with Edel Commidities Chad SARL and Edel Commidities Nigeria (both subsidiaries of ECTL) will become wholly owned susbidiaries of Inditrade Business Consultants and consequently subsidiaries of the Company. On completion of the transaction, the Company will continue to hold more than 90% shareholding in Inditrade Busincess Consultants.

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FPIs remain sellers for fifth straight session

Nov 17,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 1964.27 crore into the secondary equity markets on 16 November 2016, compared with their net outflow of Rs 2330.68 crore during the preceding trading session on 15 November 2016. FPIs were net sellers for the fifth session in a row. The net outflow of Rs 1964.27 crore on 16 November 2016 was a result of gross purchases of Rs 7357 crore and gross sales of Rs 9321.27 crore. On that day, the Sensex fell 5.94 points or 0.02% to settle at 26,298.69, its lowest closing level since 25 May 2016.

There was a net inflow of Rs 4.02 crore into the category primary markets & others on 16 November 2016, which was a result of gross purchases of Rs 4.02 crore and zero gross sales.

FPIs have sold stocks worth a net Rs 10716.52 crore into the secondary equity markets in this month so far (till 16 November 2016). They sold shares worth a net Rs 5258.22 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 30454.53 crore from the secondary equity markets in calendar year 2016 so far (till 16 November 2016). They sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 1823.10 crore from FPIs into the category primary markets & others in this month so far (till 16 November 2016). There was a net inflow of Rs 951.96 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 7638.77 crore in calendar year 2016 so far (till 16 November 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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Nagpur Metro gets Euro 130 million AFD credit

Nov 17,2016

Nagpur Metro achieved financial closure of the project by securing a credit of Euro 130 million from AFD (French Development Agency).

A Credit Facility Agreement in this regard was today signed between the Department of Economic Affairs, Ministry of Finance and AFD. Shri Selvakumar, Joint Secretary (DEA) and Shri Nicolas Fornage, Regional Director for South Asia, AFD signed the agreement in the presence of French Ambassador Shri Alexandre Ziegler.

The 20 year period credit with a moratorium of five years, will be used for funding Signalling, Telecom, Automatic Fare Collection Systems and Lifts and Escalators.

Earlier, in April, 2016, Government of India signed a loan agreement with KfW Germany for 500 million Euro for Nagpur Metro.

With todays credit agreement, Nagpur Metro which was incorporated in February,2015 and commenced civil works in May last year has achieved financial closure in a record 18 months. Order for rolling stock has already been placed and tendering of other packages for power supply, traction systems, signaling, telecom, automatic fare collection system etc., are in advanced stages.